Miami Worldcenter Files Utility Plans, to Feature as Much Restaurant Space as Retail

Miami Worlcenter’s newly filed utility plan shows that there will be nearly as much restaurant space as retail. Miami-Dade Water and Sewer has approved a deal that will allow Miami Worldcenter to build 202,391 SF of full-service restaurant space, 50,000 SF of fast food restaurant space and 21,500 SF of bar and cocktail space. It is expected that with this restaurant footprint, Miami Worldcenter's restaurant tentants could serve up to 17,000 customers at a single time. The new plan includes 281,191 SF of retail, 5,862 SF of residential units, 202,391 SF of full-service restaurant space, 50,000 SF of fast food restaurant space, 21,500 SF of bar and cocktail space, 250 hotel rooms, 506,500 SF of office space and 26 bungalows. In separate agreements are The Marriott at Worldcenter, Paramount Worldcenter and the 45-story Hines office building.

Saks Fifth Avenue is Considering Leaving Bal Harbour Shops Amid Approved Expansion Plan

Saks Fifth Avenue considering leaving Bal Harbour Shops after a recently approved expansion plan. The plan calls for $400 million of work including 430,387 SF of new retail space with a new flagship anchor location which is expected to become a Barneys New York. The existing Neiman Marcus location will also expand. The expansion plan is being designed by Zyscovich Architects and Whitman Family Development hopes to break ground by the end of 2017 with an expected completion in 2023. Saks Fifth Avenue's opposition to the plan comes amid the developer, Whitman Family Development's, lack of attention and possible expansion that was offered to the Saks location. Saks Fifth Avenue would also lose parking and be forced to rely on valet for customers.  Whitman Family Development also owns a minority stake in Brickell City Centre, where Saks Fifth Avenue also just opened up a flagship location. 

A New Trader Joe's in Miami Beach Breaks Ground, Expected to Open Late 2018

Trader Joe's has broken ground on a new Miami Beach location located at 17th Street and West Avenue. The store is expected to to open in late 2018 and will be Trade Joe's first location on Miami Beach. The storefront will be part of a larger, 5-story project by Turnberry Associates and Elion Partners, which includes 28,000 SF of retail, residences including loft apartments and townhomes as well as 200 parking spaces. The building is being designed by Touzet Studio and Stantec. 

Wynwood Design Review Committee Approves Mixed-Use Wynwood Walk

The Wynwood Design Review Committee has granted approval to Thor Equities to build Wynwood Walk, a mixed-use project located at 2800 NW 2nd Ave. Wynwood Walk will be designed by Oppenheim Architecture and features 20,398 SF of commercial space including ground level retail and restaurants on the 2nd floor. There will also be 36,884 SF of adaptive commercial space between 3 existing warehouses on the property. 

LointerHome Plans 27@Lincoln, A Boutique Mixed-Use Building in Coconut Grove

LointerHome has announced plans for 27@Lincoln, a boutique mixed-use development that will feature 68,000 SF of "Class A" office space and 5,000 SF of retail space. The 5-story building will be designed by William Hamilton Arthur IV as the architect on record and the project will include wraparound balconies, a rooftop terrace, and an underground parking garage with hydraulic car elevators. 27@Lincoln will be located at 3151 Southwest 27th Avenue, just 1 block away from South Bayshore Drive and Cocowalk. Groundbreaking is expected in early 2018.

“Coconut Grove is home to many professionals who will benefit from living and working in the same neighborhood rather than commuting to downtown every day. This is one of the Grove’s most desirable office addresses, and is perfectly positioned to offer residents a better per square foot deal than offices in Brickell,” said Amanda De Seta, the founder of LointerHome.

The Citadel, Mixed Used Retail/ Entertainment Venue in Little Haiti, to Open Next Year

Little Haiti continues to evolve and develop as the area has really heated up in recent years. The Citadel will be yet another major shake-up to the neighborhood as Conway Commercial Real Estate and Urban Atlantic Group's 60,000 mixed-use development. The project will include a 10,000 SF food hall that will feature over 20 vendors including Stanzione, Bianco Gelato and Smashing Avo's. There will also be a retail mezzanine with a focus on service-oriented retailers, office space/ studio space and a rooftop bar. The Citadel is expected to open in early 2018.

Design District's Former Location of Philipp Plein's Billionaire Flagship Sells for $8.125 Million

The iconic, historic Design District building that at 4000 NE 2nd Avenue that has served as the former Buena Vista Post Office as well as the former home of designer Philipp Plein's Billionaire brand's flagship location, has sold for $8.125 million. Sale closes at $3,552 per square foot for the 2,287 SF building that was originally built in 1921. The buyer, according to The Real Deal, was the same New York-based investment group which purchased Power Studios, also in the Design District, in June 2015. Chariff Realty Group President Lyle Chariff and Steve Budin purchased the building for $479,000 in 2003. When Plein purchased Billionaire, which was already in the space, a new agreement for the space could not be met and the building was put for sale. The sale is just one of an increasing number of high-priced deals on Design District real estate which as seen Redsky Capital and JZ Capital Partners invested over $233 million in Design District, Harbor Group International purchased a retail building for $21.5 million located at 111 Northeast 40th Street at $2,445 SF, and David Edelstein and partners purchased 140 NE 40th Street for $10 million at $3,704 SF. 

Tesla Building New Miami Design District Showroom

Construction is moving along at Stardust East, which will feature a brand new, sixth, Tesla showroom in Miami that will be located in the the Miami Design District. The 4,602 SF showroom is designed by Stantec and will feature a lush, garden rooftop. The location required special city approval requested by Miami Design District Associates. 

New Renderings Released of Artefacto's New 45,000 SF US Flagship Coming to Coral Gables

Miami-based Brazilian furnishings house Artefacto is bringing their US flagship showroom to Coral Gables and they just unveiled their eye-catching designs for its highly anticipated storefront. The design is by Miami-based architects DOMO Architecture+Design and features a Modernist concept. The new US flagship will be the largest upscale furnishings showroom in Florida spanning 45,000 square feet lined with sustainable materials and green walls as well as exclusive pieces from designers such as the Campana Brothers and Jader Almeida.

Sweetbird South Design District Construction Update

Construction is cruising at the Sweetbird South retail project by Miami Design District Associates located at 99 NE 39th Street. The structure appears to already have second floor supports and has already topped off at parts. When completed Sweetbird South will be a two-stories with 27,834 SF of retail and commercial space. The project was designed by Norwegian architects Reiulf Ramstad Arkitekter with Stantec as the architect on site and on record.